I get it. You are skeptical and a non believer in crypto. Rather than continuously hammering those that support or invest in crypto, how about a timeout with the criticism for a year and then revisit where everything stands at that point? Better than turning a civil conversation/thread into an antagonistic one.
You clearly don’t get it because I am a believer = of technology. I deal with facts and have researched many of the projects that pumpers love to hype. Unfortunately, Most of the people running these projects are selling tokens/coins and not developing technology. Fraud and rug pulls are on a straight-line up because there is zero regulation and almost no threat of legal action. Test your advisor and ask him to explain the crypto projects/tech he’s got you invested in. No different than when he puts a stock in your portfolio you may not be familiar with. Bet he can explain that stock/company. Can he do the same for crypto positions? You should lay off me and focus more on the people that were on this thread pumping the $100K EOY BTC target. Or how countries were “lining up” to switch their currencies to BTC after El Salvador. Lost people a lot of money.
Agree with Nut. You literally post the same thing over and over and over and over again in this thread.
I’m the only person other than perhaps Boblaw that even attempts to go beyond the old “buy X because it’s supposed to go up”. Is that what this thread is supposed to be about - pump shit without any substance or analysis? Whatever…
They have been answers dozens and dozens of times. He just refuses to accept the answers.
Rumb20 admits he’s buying purely based on spec FOMO. And I don’t have a problem with that. Most People make coin/token recommendations and they have no idea what problem the project is trying to solve or who is leading it. Next time someone gives you a crypto recommendation just try asking them to break it down for you from a tech/project perspective. You will laugh at what people will say. They have no idea.
You know where to go for a detailed breakdown of projects.....Guy! By the way, I mentioned this in the other thread. My crypto portfolio about doubled. I cashed out 50% (i.e., all the profit) and moved it to another account that I am now using for shorter-term stock plays. This is mostly due to the overdone tech rotation. So many tech opportunities.
FWIW, you of all people understand stock research based on your posts and all I’m saying is the same level of due diligence is never applied to crypto.
If you think about today's retail stock investors, they buy stocks with little or no research. I bet there is a huge overlap between crypto and stock retail investors (i.e., mainly the younger generation). Definitely agree, no due diligence whatsoever!
So are Ponzi schemes, penny stocks, Nigerian kings, social security robocalls, etc.Crypto scams are the top threat to investors 'by far,' say securities regulators
Investments related to cryptocurrencies and digital assets are the top threat to investors "by far," according to a survey of securities regulators.www.cnbc.com
Just slightly different considering the magnitude of the amounts at stake, not to mention people pumping them across social and traditional media without regulation - which is slightly different (I.e., penny stocks = SEC; robocalls = FCC; Ponzi = DOJ, etc.). But I’ll leave the warnings and cynicism to regulators since I wouldn’t want to be accused of “hammering” anyone here with facts…LOL…yes, Nigerian prince email is the same as a rug-pull…
It’s about time Block started talking about some projects! But doesn’t sound like a “decentralized” approach.First public BTC project by SQ/Block:
Jack Dorsey: Block is 'officially building an open bitcoin mining system'
Jack Dorsey confirmed plans that Block will build an "open bitcoin mining system."
BTC seems to be moving inline with the QQQ. BTC actually doesn't like high inflation. It likes Feds pumping. High inflation means less pumping.
But again fwd looking. The fed pumping helped cause the inflation. but now the inflation is helping slow down the pumping, but the pumping was going to stop eventually anyway.
The lending is pretty straightforward. You lend/stake your coins to the exchange so they can allow them to be traded. Since these coins are in relatively short supply, the exchange offers pretty attractive rates for lending. The two I’m currently holding (SHDW and BASIS) are earning 16 and 40% interest. Those numbers will likely come down a bit as more money comes into the pool.
I own Cosmos and Algorand and earn 5% and 4% respectively.The lending is pretty straightforward. You lend/stake your coins to the exchange so they can allow them to be traded. Since these coins are in relatively short supply, the exchange offers pretty attractive rates for lending. The two I’m currently holding (SHDW and BASIS) are earning 16 and 40% interest. Those numbers will likely come down a bit as more money comes into the pool.
The farming I’m still very new to and this is much more complicated. In addition to earning interest on your deposited coins, you also earn rewards- portions of the fees on trading, etc. More info on that here:
Francium Explained: What is Leveraged Yield Farming (LYF)?
In this series of Francium Explained, we will be walking you through the basics of leveraged yield farming (LYF), as well as the…francium-defi.medium.com
A lot of the positions require balancing with Usdc/Usdt so the rates for lending those are around 6-7% which is obviously crazy.
I didn't cherry pick dates, I noted how long it has held a certain level.
You can stake USD stable coins on ANKR for 20% APYThe lending is pretty straightforward. You lend/stake your coins to the exchange so they can allow them to be traded. Since these coins are in relatively short supply, the exchange offers pretty attractive rates for lending. The two I’m currently holding (SHDW and BASIS) are earning 16 and 40% interest. Those numbers will likely come down a bit as more money comes into the pool.
The farming I’m still very new to and this is much more complicated. In addition to earning interest on your deposited coins, you also earn rewards- portions of the fees on trading, etc. More info on that here:
Francium Explained: What is Leveraged Yield Farming (LYF)?
In this series of Francium Explained, we will be walking you through the basics of leveraged yield farming (LYF), as well as the…
A lot of the positions require balancing with Usdc/Usdt so the rates for lending those are around 6-7% which is obviously crazy.
